New Zealand’ s housing market: stable- for now
Atom Go Tian Senior Data Analyst Ray White Group
New Zealand’ s housing market has reached a welcome equilibrium following recent reductions in debt costs. After a volatile period, the national median house price has held steady between $ 750,000 and $ 801,000 for the past two years, currently sitting at $ 790,000.
Alongside stable pricing, housing supply has improved markedly. Listings are up 10.90 per cent year-on-year, with 36,870 properties available nationwide. The surge in supply offers buyers more choice and bargaining power, particularly helpful for first-home buyers previously locked out of a tight market.
Source: REINZ, Ray White Economics
While the national median is down 1.40 per cent annually, this masks notable regional variation.
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